UMC united minerals corporation nl
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further high grades additional fourteen target, page-28

  1. hef
    751 Posts.
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    02/04/08
    17:55
    Post #: 3537525
    Keep the faith time.

    If Oceans Equities reckons that IOH should be used as a peer, then are these maths anywhere near the ball park.

    112.5 m tonnes x 5.30 - 25% / 153 million shares fully diluted + 5 cents for the Bauxite.

    Answer 2.97 dollars per share.

    Wouldn't buy mine for that. Cheers

    Hef.
    UMC Price at posting: 0.0¢ Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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